Motley Fool Money Navigating the Crisis
Mar 20, 2020
The discussion dives into how investors can navigate the chaos of market volatility during the coronavirus crisis. Experts emphasize the importance of staying calm and focusing on long-term strategies while analyzing which sectors to avoid and which to embrace. Insights into the difference between stock price and value are highlighted, urging a strong financial foundation. The shift in consumer behavior opens doors for investment in food delivery and virtual medicine. Plus, some interesting picks like Redfin and Intuitive Surgical are on their radar!
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Equanimity Amidst Volatility
- Stay calm and focus on what you can control during market volatility.
- Remember that market downturns are temporary and will eventually pass.
Investing During Uncertainty
- Don't try to time the market bottom; focus on buying good businesses at reasonable prices.
- Gradually deploy cash as the market declines, but don't feel pressured to invest everything at once.
Strategic Selling
- It's okay to sell stocks of companies you no longer believe in, especially during market downturns.
- Redeploy that capital into companies with better long-term prospects.